Women’s Euros Prize Fund Reveals Massive Pay Gap
he prize fund for the 2022 Women’s European Championship finals in England has doubled, yet is still only 4.3% of the money available to teams in the men’s division.
The European governing body has made the decision to increase the money available to the 16 qualifying women’s Euros teams to €16m (AUD $26m) from €8m. (AUD $13m)
In addition, a new system will be introduced which sees club sides remunerated for the release of players with payouts from a €4.5m fund. (AUD $7m)
The decision to double the women’s prize pool was made after a UEFA executive committee meeting on Wednesday, with the board stating they were “ensuring that more money than ever before is distributed across the women’s game.”
However, this figure still falls well short of the men’s funding, who between 24 competing teams shared a total prize pot of €371m (AUD $596m) this summer, with the winners alone, being Italy, earning up to up to €34m. (AUD $55m)
Meanwhile, men’s clubs with players released were guaranteed a share of at least €200m. (AUD $322m)
The international governing body of Football, FIFA, has previously made similar efforts to support the women’s game, by doubling the prize pool of the 2019 Women’s World Cup, from $15m to $30m.
But The US World Cup winner, Megan Rapinoe, said the increase was not enough.
“It’s certainly not fair, and If you really care about the game in the same way, why are you letting the gap grow?” she said.
In 2018 the Men’s World Cup had a prize pool of $400m, which has increased to $440m for the 2022 tournament.
Although FIFA has promised to further increase the women’s prize fund by 2023, the extent of the current gap proves this division is in no time ending.